Deutsche Bank Downgrades Louisiana-Pacific Corp (LPX) to Hold, Shares Dead Money
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Price: $20.16 +3.92%
Rating Summary:
4 Buy, 4 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
4 Buy, 4 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade LPX Now!
Deutsche Bank downgraded Louisiana-Pacific Corp (NYSE: LPX) from Buy to Hold with a price target of $14.00 (from $12.00).
The firm said based on their analysis of probable mid-cycle EBITDA ($330-340MM) and a 6.5X multiple, $14 represents reasonable "fair value."
They said while it is possible to make an argument for a higher valuation, given the disappointing financial record of the industry over time investors should take these arguments with a grain of salt.
Plain and simple - the stock is fairly valued.
For an analyst ratings summary and ratings history on Louisiana-Pacific Corp click here. For more ratings news on Louisiana-Pacific Corp click here.
Shares of Louisiana-Pacific Corp closed at $13.28 yesterday, with a 52 week range of $4.41-$13.76.
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The firm said based on their analysis of probable mid-cycle EBITDA ($330-340MM) and a 6.5X multiple, $14 represents reasonable "fair value."
They said while it is possible to make an argument for a higher valuation, given the disappointing financial record of the industry over time investors should take these arguments with a grain of salt.
Plain and simple - the stock is fairly valued.
For an analyst ratings summary and ratings history on Louisiana-Pacific Corp click here. For more ratings news on Louisiana-Pacific Corp click here.
Shares of Louisiana-Pacific Corp closed at $13.28 yesterday, with a 52 week range of $4.41-$13.76.
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